Fast Casual Eatery with 2 Locations

Business Summary:
Serving hotdogs to hamburgers, chicken to seafood, this fastcasual diner prides itself on their fan favorite menu. Since theearly 90’s, this multi-location snack shack has been servingcustomers located between two colleges and throughout thePlattsburgh community and surrounding areas. Over the last10 years owner has spent less time in operations and moreso on overseeing accounting. Staff includes 2 tenured cookswho have been with the company for 2 decades, 3 full-timefront of house associates, and 15 part time employees.Included in the purchase of this business is $680,036 inassets which include the furniture, kitchen equipment andtravel trailers for catering events. After providing service forover 30 years, the owners are looking to sell in order to planfor their retirement. They are willing to train the new ownerfor up to a year and have offered to carry 10% of thepurchase price to show that they trust the future success ofthe business! This business is primed for new ownershipwith many opportunities to grow. A new owner could addanother form of payment, expand into internet sales, orincorporate a delivery service as a form of increasingrevenue.Priced at $945,000, both locations are designed in acomfortable and convenient way. There is an outside patiothat allows for an open environment where customers canenjoy their favorite foods and hang out with friends or family.The business also has a popular homemade sauce thatcould be jarred up and sold separately to reach a widerclientele. A 10% down payment of $94,500 returns $193,816in the first year after debt payments!